Extraction: Often found on top of existing oil deposits, trapped underneath impermeable cap rock. Extracted by drilling through the cap rock and piping it up to the surface. Can also be extracted from sedimentary rock formations like shale through fracking.
Conversion: Burned in a power plant to produce electricity, and burned in furnaces to heat buildings.
Advantages: Releases far fewer air pollutants like particulates and NOx compared to burning coal or oil. Releases less CO2 per unit than either of these fossil fuels. Can be converted into liquefied natural gas and used as a replacement fuel for gasoline.
Disadvantages: Extracting natural gas allows methane to leak out of the wells, which traps far more heat per molecule in the atmosphere than CO2. Extracting it can result in habitat loss when clearing lands to transport the natural gas or bring in drilling equipment. Fracking can result in groundwater contamination with flowback fluid, water depletion from local surface waters and aquifers, and the possibility of increased seismic activity.
A type of material that can absorb and release heat. During winter, it can absorb heat from the sun and release it into a building, reducing the need for artificial heating.